Investors purchased shares of Vulcan Materials Company (NYSE:VMC) on weakness during trading hours on Tuesday. $33.09 million flowed into the stock on the tick-up and $21.62 million flowed out of the stock on the tick-down, for a money net flow of $11.47 million into the stock. Of all stocks tracked, Vulcan Materials had the 30th highest net in-flow for the day. Vulcan Materials traded down ($0.88) for the day and closed at $122.74
A number of brokerages recently issued reports on VMC. Jefferies Group LLC upped their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Bank of America Corporation dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup Inc. reissued a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $140.00.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $16,260.00, a PE ratio of 41.43, a P/E/G ratio of 2.40 and a beta of 0.86.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Vulcan Materials’s payout ratio is currently 34.13%.
In other news, insider David B. Pasley sold 1,250 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael R. Mills sold 981 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. New England Research & Management Inc. acquired a new stake in Vulcan Materials in the third quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. raised its holdings in Vulcan Materials by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after acquiring an additional 11,647 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 7.5% in the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after acquiring an additional 38,479 shares in the last quarter. Geneva Advisors LLC acquired a new stake in Vulcan Materials in the second quarter valued at approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Vulcan Materials by 1.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after acquiring an additional 3,265 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2017/11/21/investors-buy-shares-of-vulcan-materials-company-vmc-on-weakness.html.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
What are top analysts saying about Vulcan Materials Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Vulcan Materials Company and related companies.